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Property profile & analytics
FOR SALE
Office buildings
541 Eastern Point Rd Groton, CT 06340
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US15-1160358
For Sale
1 / 5
$4,660,000
541 Eastern Point Rd, Groton, CT 06340
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Property summary
AI-generated overview
This 480-square-foot office space is available for lease in Groton, Connecticut, at the "Ice Cube Building" on Eastern Point Road, zip code 06340. The property is a traditional office space within a multi-tenant building, ideal for a small business or professional practice. The office features central air conditioning and electric heat, ensuring year-round comfort. Enjoy stunning views of the Thames River from the tinted windows, providing both privacy and a pleasant work environment. The space comfortably accommodates 3-4 desks and includes a private bathroom, enhancing convenience and privacy. High-speed internet and WiFi are available upon request, catering to modern business needs. Convenient on-site parking is provided in a private lot. The monthly lease rate is $1,000 gross. The building's location offers close proximity to major employers such as Pfizer and Electric Boat, making it an attractive option for businesses seeking a strategic location in Groton, CT.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1992
Total area
26,800 SF
Lot
3.22 ac (140,263 SF)
Zoning code
I/T
APN
GROT M:168814438162
UPID
US15-1160358
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Trinity Therapeutic Care, LLC Marriage Or Relationship Counselor
-
YourMembership (Bike/Boat/Book/etc) Store Corporate Office
-
Dale Kingsley, LMFT Marriage Or Relationship Counselor Counselor
-
Lisa M. Smith, LMFT Marriage Or Relationship Counselor Counselor
-
Aecom GROTON Engineering Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.87M
Blend (final)
Blend
$4.66M
Owner & transaction history
Ice Cube Bldg LLC · 7 yrs held
Ice Cube Bldg LLC
since 2019
2 recorded transactions
Zoning & alternative use
I/T · Groton, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Groton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Groton submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,675,000
Current use
RETAIL STORES
$2,985,000
Change: -19% · Conversion: Moderate
Blend value · Realmo final
$4.66M
Range $4.19M – $5.13M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$174 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$43,763
Tax year 2023
Assessed value
$1,696,240
Assessed 2023
Previous assessed
$1,696,240
+0.0% YoY
Effective rate
2.58%
On assessed value
Assessed land
$336,490
Assessed improvement
$1,359,750
Applied tax rate
355.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Sale
Year built
1992
Heating
FORCED AIR
Buildings
1
Stories
2
Total area
26,800 SF
Lot
3.22 ac (140,263 SF)
Zoning code
I/T
APN
GROT M:168814438162
UPID
US15-1160358
Jurisdiction
GROTON
Zoning & alternative use
I/T · Groton, CT
Zoning I/T · permitted uses
I/T · Groton, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Groton. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$3.7M
RETAIL STORES
Est. value
$3.0M
OFFICE BUILDING Current
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1992
Heating
FORCED AIR
Stories
2
Buildings
1
Lot
3.22 ac
Current owner
From public records · entity-resolved
Ice Cube Bldg LLC
Entity
Mailing address
PO BOX 963, NIANTIC, CT 06357-0963
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 3, 2019
—
Ice Cube Bldg LLC
—
Deed
related
$1,000,000 · Charter Oak FCU
—
—
Ice Cube Bldg LLC
—
Deed Of Trust
related
$1,000,000 · Charter Oak FCU
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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